Animal spirits: how human psychology drives the economy, and why it matters for global capitalism

Book Cover
Average Rating
Publisher:
Princeton University Press,
Pub. Date:
c2009.
Language:
English
Description

The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today. From blind faith in ever-rising housing prices to plummeting confidence in capital markets, "animal spirits" are driving financial events worldwide. In this book, acclaimed economists George Akerlof and Robert Shiller challenge the economic wisdom that got us into this mess, and put forward a bold new vision that will transform economics and restore prosperity.

Akerlof and Shiller reassert the necessity of an active government role in economic policymaking by recovering the idea of animal spirits, a term John Maynard Keynes used to describe the gloom and despondence that led to the Great Depression and the changing psychology that accompanied recovery. Like Keynes, Akerlof and Shiller know that managing these animal spirits requires the steady hand of government--simply allowing markets to work won't do it. In rebuilding the case for a more robust, behaviorally informed Keynesianism, they detail the most pervasive effects of animal spirits in contemporary economic life--such as confidence, fear, bad faith, corruption, a concern for fairness, and the stories we tell ourselves about our economic fortunes--and show how Reaganomics, Thatcherism, and the rational expectations revolution failed to account for them.

Animal Spirits offers a road map for reversing the financial misfortunes besetting us today. Read it and learn how leaders can channel animal spirits--the powerful forces of human psychology that are afoot in the world economy today.

More Details
Contributors:
ISBN:
9780691142333
Also in this Series
More Like This
Reviews from GoodReads
Loading GoodReads Reviews.
Staff View

Grouping Information

Grouped Work ID fd5503ec-bc4c-a7a1-51c7-c9ba4d772eea
full_title animal spirits how human psychology drives the economy and why it matters for global capitalism
author akerlof george a
grouping_category book
lastUpdate 2017-06-24 11:03:20AM

Solr Details

_version_ 1571100278516613120
accelerated_reader_interest_level
accelerated_reader_point_value 0
accelerated_reader_reading_level 0
auth_author2 Shiller, Robert J.
author Akerlof, George A., 1940-
author-letter Akerlof, George A.,
author2 Shiller, Robert J.
author2-role Shiller, Robert J.
author_additional George A. Akerlof and Robert J. Shiller.
author_display Akerlof, George A
availability_toggle_arlington Available Now, Entire Collection
available_at_arlington Aurora Hills, Shirlington
callnumber_sort_arlington 330.122 AKERL
collection_arlington Adult Nonfiction
date_added 2011-01-26T05:00:00Z
days_since_added 2341
detailed_location_arlington Aurora Hills Adult Nonfiction, Central Adult Nonfiction, Shirlington Adult Nonfiction
display_description
format_arlington Book
format_boost 10
format_category_arlington Books
grouping_category book
id fd5503ec-bc4c-a7a1-51c7-c9ba4d772eea
isbn 9780691142333
item_details ils:.b12959054|.i14047238|Aurora Hills Adult Nonfiction|330.122 AKERL|||1|false|false|||||On Shelf|Jan 19, 2017|aan||, ils:.b12959054|.i14047263|Shirlington Adult Nonfiction|330.122 AKERL|||1|false|false|||||On Shelf|Jan 17, 2017|san||, ils:.b12959054|.i14047275|Central Adult Nonfiction|330.122 AKERL|||1|false|false|||||Due Jul 3, 2017|May 30, 2017|can||
itype_arlington Hardback
language English
language_boost 10
language_boost_es 1
lexile_code
lexile_score -1
lib_boost_arlington 50
literary_form Non Fiction
literary_form_full Non Fiction
local_callnumber_arlington 330.122 AKERL
local_callnumber_exact_arlington 330.122 AKERL
local_callnumber_left_arlington 330.122 AKERL
local_days_since_added_arlington 2341
num_holdings 3
oclc (OCoLC)276340712
owning_library_arlington Arlington Public Library, Aurora Hills, Central, Cherrydale, Columbia Pike, Connection Crystal City, Detention Center, Glencarlyn, Local History, Plaza, Shirlington, Westover
owning_location_arlington Aurora Hills, Central, Shirlington
physical xiv, 230 p. ; 25 cm.
popularity 18
primary_isbn 9780691142333
publishDate 2009
publishDateSort 2009
publisher Princeton University Press,
rating 2.5
rating_facet oneStar, twoStar
record_details ils:.b12959054|Book|Books||English|Princeton University Press,|c2009.|xiv, 230 p. ; 25 cm.
recordtype grouped_work
scope_has_related_records a, arlington, c, d, g, h, o, p, s, u, v, w
scoping_details_arlington ils:.b12959054|.i14047238|On Shelf|On Shelf|false|true|true|false|false|true|999||, ils:.b12959054|.i14047263|On Shelf|On Shelf|false|true|true|false|false|true|999||, ils:.b12959054|.i14047275|Checked Out|Checked Out|false|false|true|false|false|true|999||
subject_facet Capitalism, Economics -- Psychological aspects, Finance -- Psychological aspects, Globalization
table_of_contents Confidence and its multipliers -- Fairness -- corruption and bad faith -- Money illusion -- Stories -- Why do economies fall into depression? -- Why do central bankers have power over the economy (insofar as they do)? -- Why are there people who cannot find a job? -- Why is there a trade-off between inflation and unemployment in the long run? -- Why is saving for the future so arbitrary? -- Why are financial prices and corporate investments so volatile? -- Why do real estate markets go through cycles? -- Why is there special poverty among minorities?
target_audience Adult
target_audience_full Adult
title Animal spirits : how human psychology drives the economy, and why it matters for global capitalism
title_display Animal spirits : how human psychology drives the economy, and why it matters for global capitalism
title_full Animal spirits : how human psychology drives the economy, and why it matters for global capitalism / George A. Akerlof and Robert J. Shiller
title_short Animal spirits :
title_sort animal spirits how human psychology drives the economy, and why it matters for global capitalism
title_sub how human psychology drives the economy, and why it matters for global capitalism